Ford has changed its earnings guidance for the second-quarter of 2005 because it expects to receive a tax refund during that period instead of the fourth quarter, the Associated Press (AP) reported.

Ford reportedly now expects earnings for the April-June period, before special items, to be in the range of break-even to a profit of 15 cents a share after, last month, anticipating the tax refund in the fourth quarter, forecasting a range of break-even to a loss of 15 cents a share.

The company made the disclosure in a 10-Q filing with the Securities and Exchange Commission and Ford spokesman Glenn Ray subsequently told the Associated Press the exact amount of the anticipated tax refund was not yet known.

AP noted, however, that Ford's full-year earnings guidance remains the same - in the range of a profit of $1.25 to $1.50 a share.